Armenia vs Malawi: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Armenia
- Malawi
How they compare
Malawi currently reports 7.60 trillion constant LCU against 7.12 trillion constant LCU in Armenia, a difference of 473.40 billion constant LCU.
That makes Malawi's figure about 1.1 times Armenia's.
The two have swapped places 1 time across 36 shared years of data; in 1990 it was Armenia ahead.
Globally, Armenia ranks 47th and Malawi ranks 46th of 197 countries.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.